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Dec 19, 2012
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now back to washington d.c. whether a fiscal cliff deal includes a rate hike the fact is a tax is a tax. and a huge amount of money will move from the private sector to the government. by the way, it isn't going to solve the deficit. let's go to doug holts president of the american action forum. i think too few people have exam inned the impact of this thing. one way or the other, that is a lot of money draining from the private sector to the government. i would have to agree with you, this is an economy. i would put p it into one perce and you hear people talk about the numbers. but underneath the numbers you have to worry about the quality of the policy. it is the worst way to raise revenue, and that is attribute to the fact that the politics are trumping the politics right now. >> in economic turns if you put a 39.6% tax rate on millionaires and above, if you do that, would that be the least ownerous thing you have heard so far? >> i think the goal should be, the least we've seen so far. but it didn't get a g
now back to washington d.c. whether a fiscal cliff deal includes a rate hike the fact is a tax is a tax. and a huge amount of money will move from the private sector to the government. by the way, it isn't going to solve the deficit. let's go to doug holts president of the american action forum. i think too few people have exam inned the impact of this thing. one way or the other, that is a lot of money draining from the private sector to the government. i would have to agree with you, this is...
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Dec 13, 2012
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hate to be such a short-term trader, because i'm not, but we're hanging on every word out of washington so give me your long-term expectations as well. >> i think the economy is doing quite well, you know, despite the fiscal cliff, and even thought the worries about taxes are affecting investors, they are not really affecting general economic activity, so the good news is the economy's got some sort of head of steam going, so from that perspective if they can do a deal relatively quickly, thin think we're in good shape. >> come on, if you look at the of a dense measures, they are turning down and measures of durable good orders, turning down. our question is housing and recoveries and they account for almost 80% of the economy. you're right, the capital goods orders are hurting, mostly because businesses are uncertain, i agree but general consumer spending, confidence aside. consumers are spending. that's the good news. >> the good news is they are not focused on the fiscal cliff the way businesses are, but at some point everything comes home to roost. sentiment is up, spending is up, b
hate to be such a short-term trader, because i'm not, but we're hanging on every word out of washington so give me your long-term expectations as well. >> i think the economy is doing quite well, you know, despite the fiscal cliff, and even thought the worries about taxes are affecting investors, they are not really affecting general economic activity, so the good news is the economy's got some sort of head of steam going, so from that perspective if they can do a deal relatively quickly,...
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Dec 4, 2012
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saying that's going to allow washington to continue to spend money here on capitol hill. that's been met with a little bit of interest here in the halls of congress because that's a sign that republican conservatives are not entirely thrilled with the speaker's proposal to the president of the united states. it brings up the question of how much the speaker can actually negotiate with the president and how much his hands are going to be tied by dealing with his own conservative caucus here on the hill. talking with those republican members today, it seems like the speaker still has the upper hand. that's going to narrow some of the running room that the speaker has going forward. very, very dicey situation for speaker boehner today. >> all right. we'll be watching that. thank you so much, eamon. want to get to mary thompson now. >> pandora reporting an adjusted loss for the quarter -- adjusted earnings, i should say. up five cents a share on revenue of $120 million. the company also gave guidance for the fourth quarter, seeing an adjusted loss for that period. up 6 to 9 c
saying that's going to allow washington to continue to spend money here on capitol hill. that's been met with a little bit of interest here in the halls of congress because that's a sign that republican conservatives are not entirely thrilled with the speaker's proposal to the president of the united states. it brings up the question of how much the speaker can actually negotiate with the president and how much his hands are going to be tied by dealing with his own conservative caucus here on...
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Dec 10, 2012
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and stocks are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do if there is a debt deal before year-end or shortly thereafter. we have smart strategies and individual stock picks for you this hour. >> that's right. well also take a look at another side of google that you very rarely hear about. the internet giant stashing billions in tax shelters to avoid paying taxes. is that fair play or outrageous corporate behavior? especially in this climate. well talk about that. but first, markets are generally higher. dow jones industrial average up 29 points on the day. nasdaq is up 7. and s&p 500 up about 1 1/2. >> they've been that way about the last
and stocks are higher as fiscal cliff song and dance continues in washington. mr. boehner says he is waiting for a proposal from this gentleman, the president. president obama. and the president is set to speak about the cliff and the a economy later today. >> i thought i was supposed to come here today. you thought you were supposed to come here today. so we are both here. not really, folks. a lot of talk today is about what investors should do if we go over the cliff. what should we do...
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Dec 17, 2012
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washington has set up already. so we get some sort of clarity, some sort of a plan, that's what the businesses have been asking for but it's not going to change things until late 2013, if not into two 2014. >> i think you're right, they've made their plans. in the environment changes they have all this cash they can make changes and make increment at purchases. at a plant somewhere, hire a worker or two, engage in m&a if they have more confidence in the future. so i think they can turn things around. but they need more confidence and that's a big if. >> bob's going to be with us for the rest of the hour. >> okay, you've got comments, questions about anything you see on "squawk," shoot us an e-mail, you can also follow us on twitter @squawkcnbc is our handle. when we return, the tragedy in newtown parking the gun control controversy in washington. we're going to talk about it, and then later, why hovnanian is betting on boomerang buyers. the company's ceo is here as we get ready for key housing data later this week.
washington has set up already. so we get some sort of clarity, some sort of a plan, that's what the businesses have been asking for but it's not going to change things until late 2013, if not into two 2014. >> i think you're right, they've made their plans. in the environment changes they have all this cash they can make changes and make increment at purchases. at a plant somewhere, hire a worker or two, engage in m&a if they have more confidence in the future. so i think they can...
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Dec 18, 2012
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the more wall street washington is rising above, the higher the market goes. >> rejection of how john boehner's plan "b" thatty had came out with today. the major averages are all trading around two-month highs today because it seems like progress is still being made on some kind of a deal. here's where we stand right now. the dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by senate majority leader harry reid on that so-called plan "b" proposal from john boehner, sort of took some of the wind out of the sails. nasdaq still up 1.25%, a 3348 and the s&p 500 index is up 12-plus points right now at 1443. >> while the dow on pace for the first back-to-back triple-digit gains in nearly five months. can we hold on for the final hour? >> let's talk about that in our closing bell exchange. carol roth, the author of "entrepreneurial equation" is with us. from chicago, keith springer from springer financial adviser and john carpina is on the floor with us, and rick santelli, of course, is in chicago as well. carol, you've been skeptical about this m
the more wall street washington is rising above, the higher the market goes. >> rejection of how john boehner's plan "b" thatty had came out with today. the major averages are all trading around two-month highs today because it seems like progress is still being made on some kind of a deal. here's where we stand right now. the dow up 98 points, was up 125 at the high, and then the white house rejected and some comments by senate majority leader harry reid on that so-called plan...
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Dec 29, 2012
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. >>> there is some action in washington tonight. at this hour the senate has just passed a $60 billion aid bill for communities slammed by super storm sandy. that vote was 61 for, 33 against. sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related spending items that are in the bill. typical sausage making for washington. >>> let's get to our panel. here now is blake zeff, former obama campaign aide and washington editor. robert, have you heard anything in the last couple of hours that suggests to you that somehow by monday mitch mcconnell and harry reid will sing kumbaya, pass something in the senate that also passes the house? >> i'm not so sure they'll be sing kumbaya, but the real story today is that there's movement on capitol hill. reid and mcconnell come out of that white house meeting and they'r
. >>> there is some action in washington tonight. at this hour the senate has just passed a $60 billion aid bill for communities slammed by super storm sandy. that vote was 61 for, 33 against. sandy road ashore devastating several areas and the senate rejected a republican amendment to cut the immediate cost to just 23 million clearing the way for final action on the $60 billion bill. the bill now goes to the house where its passage is uncertain because of the non-sandy-related...
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Dec 7, 2012
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>> that's washington state and not washington d.c. >> sorry. >> it's different in colorado. it's only 15% exise tax in colorado. the market needs to shake itself out. at this point there's a huge additional cost built into the price of marijuana based on the fact that it's sold in a criminal market. once it is licensed and regulated, the price will certainly go down to some extent. >> how confident are you -- you talk about setting up a regulated functioning market for weed as if you just snapped your fingers. how do you make sure this stays out of the hands of those who are under 21? >> well, we've seen in colorado already a fully regulated market that is serving 120,000 medical marijuana patients and no reports of any marijuana being diverted from those stores to teens and moreover while the use of marijuana among teens has gone up 11% nationally, it's actually gone over the past two years 11% in colorado. so what we see is a regulated market that can keep marijuana out of the hands of teens and we hope the federal government and president obama don't stand in the way of p
>> that's washington state and not washington d.c. >> sorry. >> it's different in colorado. it's only 15% exise tax in colorado. the market needs to shake itself out. at this point there's a huge additional cost built into the price of marijuana based on the fact that it's sold in a criminal market. once it is licensed and regulated, the price will certainly go down to some extent. >> how confident are you -- you talk about setting up a regulated functioning market for...
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Dec 21, 2012
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the story on wall street today was washington. the back and forth on the fiscal cliff negotiations sending the markets sharply lower. and so, what do we make of it here, dan? friday afternoon, we're awaiting the president to be joined by senate majority leader harry reid to make a statement on these talks into the weekend. >> in some ways i would say the reaction today, the ultimate reaction ended up being a tad muted in a lot of ways when you think about it. because the overnight lows were down 3%. in the s&p. so we closed down about 1% here and so here's a situation where i think the options market kind of has this a little bit. the six futures curve started ticking up earlier in the week in kind of a precursor to some of the equity weakness we saw today. in a lot of senses a pretty quarterly sellover. >> i agree with that. one of the things we saw in the options market. we've spoken about this many times. there are holidays coming up, if you back the holidays out, we're expecting greater than expected volatility at a time when
the story on wall street today was washington. the back and forth on the fiscal cliff negotiations sending the markets sharply lower. and so, what do we make of it here, dan? friday afternoon, we're awaiting the president to be joined by senate majority leader harry reid to make a statement on these talks into the weekend. >> in some ways i would say the reaction today, the ultimate reaction ended up being a tad muted in a lot of ways when you think about it. because the overnight lows...
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Dec 14, 2012
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i spent three days in washington with a wife of supreme court judge last summer. i felt like taking a bath after i was there for three days. everybody's got their hand out for shotgun. -- something. >> katie, mr. john boehner, i respect him enormously. but he's in a pickle. if you're trying to rebrand the republican party and john boehner wants a compromise with president obama, that compromise is going to be very large tax hikes. you may not get the spending cuts you want. you may not get the entitlement reform, but it will have the gop footprints all over it. how do you brand under those circumstances? >> well, i think that as long as you explain the cuts, so if you explain that cutting spending is good and it's going to allow you to create jobs and allow you to keep more money here in the united states, people are going to understand that. but the problem with the republican party is that they often don't explain why cutting spending is a good thing. so when these triggers happen and when spending cuts happen, people just see them as sacrificial and something t
i spent three days in washington with a wife of supreme court judge last summer. i felt like taking a bath after i was there for three days. everybody's got their hand out for shotgun. -- something. >> katie, mr. john boehner, i respect him enormously. but he's in a pickle. if you're trying to rebrand the republican party and john boehner wants a compromise with president obama, that compromise is going to be very large tax hikes. you may not get the spending cuts you want. you may not...
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Dec 22, 2012
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i just wish we had a little more in washington, d.c. right now. recognize me. but i am your market data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarter now. and so much less expensive. i am your market data. and if i do say so myself, i have never looked better. superderivatives introduces dgx. data done differently. >>> all right. so next question is can republicans recover from this whole fiscal battle? let's bring in our free-market friday panel. if i were a republican leader, i would want to get out from under it as fast as i can. now, let me ask you this, if that is achievable, let's say within the next month or so, what's the gop going to do next? i do think karen is right, and you know the polling numbers are running against the gop. >> as always. >> what's their message, katie? what's their message now? >> well, i think that john boehner tried to send the message earlier this week when he said that this is now president obama and harry reid's decision to make. and he also said that last night after his plan
i just wish we had a little more in washington, d.c. right now. recognize me. but i am your market data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarter now. and so much less expensive. i am your market data. and if i do say so myself, i have never looked better. superderivatives introduces dgx. data done differently. >>> all right. so next question is can republicans recover from this whole fiscal battle? let's bring in our free-market...
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Dec 20, 2012
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. >> a perfect storm is brewing in washington and at this hour. the house gets set to vote on plan b which the white house has said is a nonstarter. house speaker boehner will hold a news conference in about 15 minutes or so. we will take it live here. first, to john hart wood at the white house. john? >> sue, we've had a pretty relentless game of messaging bing pong between democrats and republicans today. we hear from eric cantor about plan b that house intends to take up. then we heard from harry reed, now just behind me, jay carney is briefing. but bottom line from the standpoint of republicans, as negotiations with the white house have broken down, is that as eric cantor said a few minutes guy to reporters, they put the onus squarely on the president right now, saying that the action by the house today, which they say they have the votes to pass is the only concrete action to avoid the fiscal cliff. >> and the president has a decision to make. he can support these measures or be responsible for wreckless spending in the largest tax hike in am
. >> a perfect storm is brewing in washington and at this hour. the house gets set to vote on plan b which the white house has said is a nonstarter. house speaker boehner will hold a news conference in about 15 minutes or so. we will take it live here. first, to john hart wood at the white house. john? >> sue, we've had a pretty relentless game of messaging bing pong between democrats and republicans today. we hear from eric cantor about plan b that house intends to take up. then we...
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Dec 3, 2012
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still to come, washington has come to a standstill. washingtons and republican democratics and republicans arguing. we'll discuss. and plus it's a far cry from the highway traffic jam hitting russia. reports suggest the main road from moscow to petersburg was backed up for 125 miles after heavy snow. one driver told reporters he moved just one kilometer in 24 hours. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> these are your headlines. the white house and congress may need to call the auto club to jump-start budget talks. they're stalled on discussions over taxes. chin
still to come, washington has come to a standstill. washingtons and republican democratics and republicans arguing. we'll discuss. and plus it's a far cry from the highway traffic jam hitting russia. reports suggest the main road from moscow to petersburg was backed up for 125 miles after heavy snow. one driver told reporters he moved just one kilometer in 24 hours. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle...
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Dec 8, 2012
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do you think the city of washington is going to implode? do you think federal government is not going to be able to do its job anymore? i don't believe any of that for one nano second. >> i think that's a no, no and no if i recall correctly what the questions were. the sun is still going to come up. right now i think the first place to start cutting, i would eliminate the jobs of the people that say there's no place to cut. if they can't find a place to cut get rid of them. >> this is the old washington monument syndrome. you know this. when i worked down there, anytime there's a little bit of cuts someplace people start saying we're going to have to close down the washington monument. we're going to have to close down the national parks. we'll never have another tour nift washington, d.c. it's all lot of crap, ernie. all this is would be a small reduction in the growth of the federal workforce. and god knows we could use that. >> i know up wouldn't it be wonderful if we could actually bring that down to a freeze or even a 1% actual cut? no
do you think the city of washington is going to implode? do you think federal government is not going to be able to do its job anymore? i don't believe any of that for one nano second. >> i think that's a no, no and no if i recall correctly what the questions were. the sun is still going to come up. right now i think the first place to start cutting, i would eliminate the jobs of the people that say there's no place to cut. if they can't find a place to cut get rid of them. >> this...
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Dec 4, 2012
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you can sort of knefeel it with what's happening in washington. plus how many people are selling stocks just because they'll take their gains this year. because taxes will be higher next year. >> you're seeing people with if you have a large position in a company, this is probably the right time to take it. if it's a large percentage, 10%, 15%, 20% of your net worth, sell it now. >> and if you're planning to retire in the next three to five years, you're probably better off doing your allocation change thousand than you are saying -- >> this might be awful next year, too. isn't moynihan going to -- if we go over the cliff, it's not going to be a great year for stocks. >> it won't be a great year for hiring. >> left's already started. everybody is hiring temporary workers. they're not buying. they're leasing. you have more up front costs because you're trying to defer any long tirm purchase. but that's been happening now for two months. so you can look at the other way and say if we actually get a resolution, you might have more certainty which we'
you can sort of knefeel it with what's happening in washington. plus how many people are selling stocks just because they'll take their gains this year. because taxes will be higher next year. >> you're seeing people with if you have a large position in a company, this is probably the right time to take it. if it's a large percentage, 10%, 15%, 20% of your net worth, sell it now. >> and if you're planning to retire in the next three to five years, you're probably better off doing...
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Dec 13, 2012
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and anyway, i want it repeated in washington. sadly, that seems to be where we're headed, rebel without a cause. i don't want a repeat of the debt ceiling t.a.r.p. debacle. but today felt sort of like we had one. >>> fiscal fear. a critical time for the ticker as wall street hangs on every word out of washington. >> at some point reality sets in. >> cramer takes on the technicals to see if the market could be telegraphing its next move, when he goes off the charts. >>> and, later, last-minute shopping? after almost doubling this year, shares of the gap have gap down, could this mega name clothing retailer be gift wrapped just for you? or will cliff worries about locking in gains for the year soon make it come apart at the seams? cramer trying it on, just ahead. >>> plus, engine of growth. the power outages that follow superstorm sandy gave many homeowners a wakeup call, as the rebuild continues, could ab investment in engine company brigs and stratton plug you into a strong trend? cramer speaks to the ceo coming up. >>> don't mis
and anyway, i want it repeated in washington. sadly, that seems to be where we're headed, rebel without a cause. i don't want a repeat of the debt ceiling t.a.r.p. debacle. but today felt sort of like we had one. >>> fiscal fear. a critical time for the ticker as wall street hangs on every word out of washington. >> at some point reality sets in. >> cramer takes on the technicals to see if the market could be telegraphing its next move, when he goes off the charts....
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Dec 21, 2012
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because it's not great in washington. because it hasn't been great in washington. there was a perception when president obama won fairly big, that it would improve in washington. but the people who were voting on this are beholding to their constituents and have taken a no-tax increase pledge. the president won a lot of votes, and it just doesn't work like that. >> we'll be seat agnew congress in -- we'll be seating a new congress in the new year. the house will be republican, the senate will be democrat, but not the 60 votes to override -- >> but we have to give back some of -- people are buying stocks because they thought there was going to be a deal. they have to rethink that. i mean, a lot of hedge funds are thinking, i'm okay, there's really no news between now -- there's a pact among all the research firms, don't issue anything, don't do sells. these guys are obviously not focused on that in washington. you have to roll back some of what's happening. >> right. >> some of what's been good. not all of it -- why were you laughing when i said you said panic was a
because it's not great in washington. because it hasn't been great in washington. there was a perception when president obama won fairly big, that it would improve in washington. but the people who were voting on this are beholding to their constituents and have taken a no-tax increase pledge. the president won a lot of votes, and it just doesn't work like that. >> we'll be seat agnew congress in -- we'll be seating a new congress in the new year. the house will be republican, the senate...
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Dec 11, 2012
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thank you for being with us live from washington. remember, i hope you'll follow me on twitter and google plus. stay with cnbc, because "fast money" begins right now. see you back in new york tomorrow. >> and this is mission krill call, rise above washington, d.c. we're going to get to "fast money" in just a moment. but we've got to talk about what is going on here. you just heard maria's observation. she is not confident that a deal will get done. sadly, i feel the same way. especially after speaking with numerous lawmakers today. everybody seems very firmly entrenched, although eamon with the news just a moment ago that john boehner has indeed sent the president a counter offer, though republicans, to a man, complained today that they do not know what cuts the democrats would like to make. senator harry reid coming out earlier today, saying, we're not going to offer up any cuts. we want the gop to put their cuts on the table. it is clear it is a game of finger pointing, which party is going to be made to look like the bad guys, bec
thank you for being with us live from washington. remember, i hope you'll follow me on twitter and google plus. stay with cnbc, because "fast money" begins right now. see you back in new york tomorrow. >> and this is mission krill call, rise above washington, d.c. we're going to get to "fast money" in just a moment. but we've got to talk about what is going on here. you just heard maria's observation. she is not confident that a deal will get done. sadly, i feel the...
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Dec 4, 2012
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talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president just finished answering questions on the issue after meeting with governors at the white house and our political correspondent, john harwood is live at the white house and eamon javers is talking with key congressional players on those talks. john, first to you. >> reporter: the president talked to our colleagues at bloomberg and talked about the republican offer from speaker boehner on the fiscal cliff resolution. he said it was out of balance because the speaker has not agreed to rate increases but the president identified a two-step process by which he is hoping still to reach an agreement before the end of the year, if he can get republicans to give on the top rate. he said that first of all, we can't do a fundamental tax reform in the next two weeks. we simply have to have a down payment before the end of the year and then commit to tax and entitl
talks continuing in washington. we are just down about 12 points on the dow jones industrial average, 27 days until america goes over that fiscal cliff. the president just finished answering questions on the issue after meeting with governors at the white house and our political correspondent, john harwood is live at the white house and eamon javers is talking with key congressional players on those talks. john, first to you. >> reporter: the president talked to our colleagues at...
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Dec 20, 2012
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we'll take you live to washington. stick around on the "closing bell." >>> time to toast today's close with this. a recent study from william blair showed that amazon is offering a wired selection of products, and it's a little bit cheaper than both walmart and target. so what are the differences? find out next. a recent study from william ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> a toast to today's market close. online, amazon's product selection is 15 to 20 times larger than target and walmart. and the pric
we'll take you live to washington. stick around on the "closing bell." >>> time to toast today's close with this. a recent study from william blair showed that amazon is offering a wired selection of products, and it's a little bit cheaper than both walmart and target. so what are the differences? find out next. a recent study from william ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of...
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Dec 10, 2012
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the optics as washington likes to call it, of going on vacation when you have a fiscal cliff looming, if you don't have an agreement are simply awful. boehner has already told the republicans that nobody is going on vacation until this thing is settled. i think the democrats are probably going to say, pelosi and reid will say the same thing for the democrats. i wouldn't be surprised if congress stayed in session maybe all the way until the 21st of december. this is going to be not to put too fine a point on it, a cliff hanger with regard to the fiscal cliff. i think there will be some movement. in other words, they will not go on vacation unless there's some agreement about what a framework is going to be or some way that they are going to avoid basically seeing tax rates going up on january 1st and major spending cuts go into effect. there will be some delay if they don't reach a tentative agreement by say december 21st when they head home. >> i would hope so because i think america is going to be upset at this point in time we all recognize what the implications of going over the cl
the optics as washington likes to call it, of going on vacation when you have a fiscal cliff looming, if you don't have an agreement are simply awful. boehner has already told the republicans that nobody is going on vacation until this thing is settled. i think the democrats are probably going to say, pelosi and reid will say the same thing for the democrats. i wouldn't be surprised if congress stayed in session maybe all the way until the 21st of december. this is going to be not to put too...
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Dec 13, 2012
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if washington goes over it. find out why when we come back. n if washington goes over it. find out why when we come back. f washington goes over it. find out why when we come back. is pretty amazing. we interact with our offices, anywhere, anytime. charles, you're one of the greatest losers of all time. thank you. >>> let's take a look at the european session. ibex has been flipping back and forth between positive and negative this morning. a debt auction from italy and spain went off relatively well this morning. the ftse lower by .14%. the xetra dax has been the underperfounde underperfo underperformer, down .3%. flipping over to the u.s. now, here is what's on the agenda today in the u.s. a triple play with jobless claims, retail sales and the ppi. retails sales are expected to rise .5% overall, but slipped 0.1% excludeing autos. producer prices are seen down except for the 0.1% gain expected when you strip out food and energy. so lower headlines, firmer core. and on the earnings front, look for results today from see area, peer one imports and adobe systems. here is a
if washington goes over it. find out why when we come back. n if washington goes over it. find out why when we come back. f washington goes over it. find out why when we come back. is pretty amazing. we interact with our offices, anywhere, anytime. charles, you're one of the greatest losers of all time. thank you. >>> let's take a look at the european session. ibex has been flipping back and forth between positive and negative this morning. a debt auction from italy and spain went off...
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Dec 12, 2012
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let's get some breaking news in washington. ayman? >> carl, this is actually breaking political news. today announcing new regulations on so-called 501 tax-exempt organizations that engaged in electioneering under federal law as it stands right now, they're allowed to engage in electioneering and not reveal who their donors are. now schneiderman in new york saying the state is going to require them to reveal if they spend up to $10,000 in that state. the groups that spend at least $10,000 to influence state and local elections in new york will be required to file itemized schedules and disclose their donors. potentially interesting move here by new york state. we'll have to see if other states follow this one, carl. >> nonprofits have a lot to deal with. >> oh, boy. >> thank you for that. before we go, jim, tonight -- >> first time since the cooper acquisition, they've become a power management company. mark papa, he's been on my show. he's at the heart of why we're becoming a great energy producer again, because he's got both eaglefo
let's get some breaking news in washington. ayman? >> carl, this is actually breaking political news. today announcing new regulations on so-called 501 tax-exempt organizations that engaged in electioneering under federal law as it stands right now, they're allowed to engage in electioneering and not reveal who their donors are. now schneiderman in new york saying the state is going to require them to reveal if they spend up to $10,000 in that state. the groups that spend at least $10,000...
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Dec 10, 2012
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we'll start in washington. president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we may be getting to the next phase of negotiations. the latest sign was possible corker, the senator from tennessee, who was on our air just a few minutes ago, as you know, saying republicans should concede ground on top tax rates and then get on to other issues. >> the best place for republicans to be, to me, is to pass the rate of rate increases, be done with it, the numbers aprobably much smaller than is going to ultimately be negotiated, and then we still are focused on the right thing, which is enti
we'll start in washington. president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the...
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Dec 14, 2012
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, washington. go hawks. let's go microsoft. >> okay. microsoft does not yield enough yet to intrigue me. i do believe it will be a better stock in 2013 at some point. i have to believe some of that cycle of windows 8 kicks in. right now in no man's land. i don't like being in no-man's land. rick in missouri now. >> caller: jim, thank you for taking my call. appreciate it. >> thank you. >> caller: my question today, i want to know if arch coal will remain a big lump of coal for 2013. i bought it at 14. down to about 7. would like your insight. >> remember, on "mad money," we don't care where a stock has been, we care where it's going. i remain incredibly bearish arch coal. stewart in california, please. >> caller: jim, a big booyah for myself and my parents. i'm wondering how you think bank of america will do with the whole fiscal cliff situation? >> people tell me that the housing business is the one that will be hurt most by fiscal cliff, but bank of america is an inexpensive stock. not my favorit
, washington. go hawks. let's go microsoft. >> okay. microsoft does not yield enough yet to intrigue me. i do believe it will be a better stock in 2013 at some point. i have to believe some of that cycle of windows 8 kicks in. right now in no man's land. i don't like being in no-man's land. rick in missouri now. >> caller: jim, thank you for taking my call. appreciate it. >> thank you. >> caller: my question today, i want to know if arch coal will remain a big lump of...
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Dec 7, 2012
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then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146,000 jobs become good? have we become so pessimistic -- have our expectations come so low we're cheering 146,000 when we should be well over 200? >> plus the downward revisions for the previous two months. >> although, those revisions were almost all in government. mandy makes a good point. 150,000 a month, which has been the average over the past is a months or so, is not great. if this was a normal recovery, we'd be growing at 4% instead of 2 on gdp. employment would be well over 250. however, the good news in today's report was if you look at the household survey, there was clearly a hurricane effect in these numbers. we might actually have printed over 200 absent hurricane sandy. i would argue the trends is getting better. as jim pointed out,
then you add on top of it what's coming out of washington. i don't think you should get your hopes up about figuring it out before the end of this year. i think there's a pretty deept chance we go over the cliff and then try to sort it out in the beginning of the year. >> lovely. >> joe, when did 146,000 jobs become good? have we become so pessimistic -- have our expectations come so low we're cheering 146,000 when we should be well over 200? >> plus the downward revisions for...
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Dec 13, 2012
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but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in budget talks, given the inflexibility of the white house. question is going to be, what is that shakeup? the speaker wants and republicans have been the demanding more details from the white house on potential cuts and entitlement programs. the white house has shown no willingness to go further than they've already gone and they are winning this argument in terms of public opinion. so, another possibility for a shakeup is for republicans to some how give ground and we'll see whether that happens on decoupling top tax rates, 98% of american families. we're going to have to see what happens and if we hear from john boehner and president obama after this meeting which will pro
but first, let's get straight to our top story, and that is the haggling in washington, d.c. president obama's meeting with house speaker john boehner this hour. john, what should we expect? >> we expect the meeting to last something less than an hour between the speaker and the president of the united states. a republican leadership aide told me the meeting is taking place because a shakeup is required in budget talks, given the inflexibility of the white house. question is going to be,...
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Dec 11, 2012
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. >> washington remains. >> that is a bad strategy for america. it is a bad strategy for your businesses and it is not a game i will play. >> but the fiscal cliff still looms. cnbc has called on lawmakers to rise above gridlock and reach a deal. now we're beating down their doors. live from our nation's capital, this is a cnbc special report. mission critical, rise above d.c. >>> welcome back from our nation's capital. i'm mario bartiromo with brian sullivan. we continue our fiscal cliff coverage, "mission critical, rise above d.c." we've heard a lot after a morning of interviews and action on capitol hill. here is what we know now. just a short while ago house speaker boehner said he's still waiting on a solid plan from president obama. >> i'm hopeful we can reach an agreement. this is a serious issue. there's a lot at stake. the person people sent us here to work together towards the best possible solution, and that means cutting spending. the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass b
. >> washington remains. >> that is a bad strategy for america. it is a bad strategy for your businesses and it is not a game i will play. >> but the fiscal cliff still looms. cnbc has called on lawmakers to rise above gridlock and reach a deal. now we're beating down their doors. live from our nation's capital, this is a cnbc special report. mission critical, rise above d.c. >>> welcome back from our nation's capital. i'm mario bartiromo with brian sullivan. we...
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Dec 13, 2012
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you have to be in washington. >> you know what? i've been hearing some of the analysts say that is a powerful impetus to get a deal done. they don't want to be here for christmas eve, right? >> would the president negotiate from hawaii? he's supposed to go to hawaii on december 17th. >> they have telephones in hawaii, i can tell you. >> no credibility. you have to be in washington. america will not stand for that, for these guys being on vacation. >> nancy pelosi said the deadline is early next week. >> if we don't have a deal by the end of next week, no deal to go over the cliff. >> let's do the countdown. down about 54 points. >> meanwhile, michigan is becoming the 24th right-to-work state here in the country. someone here says unions are toxic for both workers and companies. we'll tell you all about it. stay with us. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling
you have to be in washington. >> you know what? i've been hearing some of the analysts say that is a powerful impetus to get a deal done. they don't want to be here for christmas eve, right? >> would the president negotiate from hawaii? he's supposed to go to hawaii on december 17th. >> they have telephones in hawaii, i can tell you. >> no credibility. you have to be in washington. america will not stand for that, for these guys being on vacation. >> nancy pelosi...
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Dec 31, 2012
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washington has been an absolute circus. now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts us out. >> it seems they are really hashing out details of what to do about the sequester, those are the massive spending cuts. how long you delay those down and otherwise pay for them seems to be the crux of the negotiation going on behind closed doors right now but it is very difficult to find out exactly where these negotiations stand because all sides are being very, very mum. we can tell you that democrats appear to be getting a little bit concerned about where this is headed. take a listen to senator tom harkin who took to the senate floor
washington has been an absolute circus. now in the center ring in 30 minutes, president obama is set to deliver his remarks, we will have them of course live for you here now on "power lunch." let's look at the countdown clock. if we don't get a deal before time slip slides away, spending cuts and tax hikes are indeed the order of the day on this new year. happy new year, america. i'm sue herrera. we will start with john har wood at the white house in a few minutes. but amman starts...
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Dec 18, 2012
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god, because who the hell knows what washington is going to. do they make decisions based on what they think they can do to impact their business oh, pand their business, so whether it's cost savings or whether it's revenue growth, the government's there. i am not as boss mettic about the effects of the fiscal cliff. in fact, i could argue over the long term let's have the battle now. >> go over it. go over the cliff? >> let's go over it. you know, if i were a republican, i'd say, okay, i'm going to put my offer on the table. the best i can do. i think there's a lot of ways to deal with the people of 250 and below about their taxes. carve that out. take that off the table. it's no longer now a political issue. okay, mr. president, and by the way, my fervent wish is that this sitting president. >> does well. >> be the best president we've ever had in the history of the country because if he does, that all of us here, all of us all over america, will be a lot better off. we all win if he wins, so let's understand politics are over. the election i
god, because who the hell knows what washington is going to. do they make decisions based on what they think they can do to impact their business oh, pand their business, so whether it's cost savings or whether it's revenue growth, the government's there. i am not as boss mettic about the effects of the fiscal cliff. in fact, i could argue over the long term let's have the battle now. >> go over it. go over the cliff? >> let's go over it. you know, if i were a republican, i'd say,...
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Dec 11, 2012
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while washington quarrels with itself, time for washington to put differences aside and put real compromise on the table. rise beyond disparity, rise past adversity, rise above. this is a cnbc special report "mission critical, rise above d.c." >> and the mission continues at 2:00 eastern time. welcome everybody i'm brian sullivan along with mario bartiromo. this is our special all day coverage live from capitol hill, mission critical, rise above d.c. after candid interviews with lawmakers all morning long, this is what we know now. just last hour representative lee terry, republican from nebraska tells us he feels like discussions on spending cuts are going backwards. early in the morning, democratic senator conrad, about to finish his term, sees says optimistic a deal will get done but would like to see a whole lot more added to it, a $4 trillion big deal, as he calls it. >> yes, he did. earlier this afternoon, a key word from speaker boehner. the recent silence from his office and the administration breaking down. listen to this. >> i'm hopeful we can reach an agreement. this is a serious
while washington quarrels with itself, time for washington to put differences aside and put real compromise on the table. rise beyond disparity, rise past adversity, rise above. this is a cnbc special report "mission critical, rise above d.c." >> and the mission continues at 2:00 eastern time. welcome everybody i'm brian sullivan along with mario bartiromo. this is our special all day coverage live from capitol hill, mission critical, rise above d.c. after candid interviews with...
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Dec 17, 2012
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in downtown washington we found people demanding tougher gun control laws. the powerful pro gun lobby. but it was lifetime nra member joe mansion making news today for his call for reasonable restrictions on guns. >> we can protect the second amendment rights. we definitely can protect it. and we will protect it. but we can look at also ways that we can make our country and our children more safe. i really believe that. that we could sit down and have that dialogue and hopefully movement on that. >> and this afternoon senator patrick leahy announced on the senate floor that he will hold gun safety hearings early next year. >> all right, hampton. thank you so much. fast money beginning in just a few minutes. melissa lee has the preview. >> at the top of the hour on "fast money," with apple continuing its collapse our traders will give you the five text stocks you want to own instead of apple going into the new year. and what does it look like for the mortgage intersection redestruction? analysts will give you the plays you want to play and also the plays you
in downtown washington we found people demanding tougher gun control laws. the powerful pro gun lobby. but it was lifetime nra member joe mansion making news today for his call for reasonable restrictions on guns. >> we can protect the second amendment rights. we definitely can protect it. and we will protect it. but we can look at also ways that we can make our country and our children more safe. i really believe that. that we could sit down and have that dialogue and hopefully movement...
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Dec 21, 2012
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we're not closer to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at this point, the dow is down 1% for the week and we are down 1% today at 13,173. nasdaq lower, as well. let's see how many percentage points we're down right now. down 1.25%. the technology sector is taking a bigger hit today. down to 3,012 on the nasdaq and the s&p 500 index is down 1% at 1428. . >> house speaker john boehner says he's still open to a offer from the democrats. >> it was a dramatic evening last night. john harwood was there. he has the latest on the on talks. are there any talks, john? >> i think so. but they're pretty muted. this bill was not win of those weeks that makes washington look good. come to think of it, there aren't many weeks that make washington look good. but this was e
we're not closer to a deal in washington today. you can tell from the sell-off, investors do not like it. >> no, posting their largest decline since november 14th, in case you were wondering. although we are off the lows of the session right now. the dow was down 189 two hours into the trading session. we've come off those lows. but at this point, the dow is down 1% for the week and we are down 1% today at 13,173. nasdaq lower, as well. let's see how many percentage points we're down...
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Dec 21, 2012
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i want to show you a shot of washington. president obama will address fiscal cliff issues in about 30 minutes. we will take you there live to hear the president's comments on the fiscal cliff negotiations. >>> meanwhile, a mafs winter storm sweeping across the country once again. up next, find out which stocks could get forgot bite and which could benefit from this winter. coming up, break down the trade for you with "options actions. " card hassles? introducing chase liquid. the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks right from your smartphone. get rid of prepaid problems. get chase liquid. . >>> winter strong draco shutting down flights out of on chicago. the weather channel's paul walsh joins us with the business impact here. paul, the holidays are a crucial time for many businesses. who is being impacted the most weekend? >> yeah. interestingly maria, the weather this year is largely impacting business by the weathe
i want to show you a shot of washington. president obama will address fiscal cliff issues in about 30 minutes. we will take you there live to hear the president's comments on the fiscal cliff negotiations. >>> meanwhile, a mafs winter storm sweeping across the country once again. up next, find out which stocks could get forgot bite and which could benefit from this winter. coming up, break down the trade for you with "options actions. " card hassles? introducing chase liquid....
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Dec 11, 2012
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we had a front row seat here in washington. remember as a child when you would not budge when your friend budged? today, the republicans attacked the decks for not putting any spending cuts on the table, as they push for higher taxes on the highest earners. many democrats say, we can deal with spending cuts later. just raise taxes on the upper income now to avoid going over the fiscal cliff. this, of course, kicks the can down the road. the republicans say no deal if spending cuts are not agreed upon, along with new revenue right now. not later. but now, the next salvo, democrats now are saying that they won't put any spending cut proposals out there, they want to first hear what cuts the republicans want first. i guess so that they can use that against them in the public forum. we'll remember the infamous granny over the cliff ad after paul ryan floated his budget. so, what is the end game here? what if john boehner doesn't blink? we now have less than three weeks before the new year. i have said it before -- i am not expectin
we had a front row seat here in washington. remember as a child when you would not budge when your friend budged? today, the republicans attacked the decks for not putting any spending cuts on the table, as they push for higher taxes on the highest earners. many democrats say, we can deal with spending cuts later. just raise taxes on the upper income now to avoid going over the fiscal cliff. this, of course, kicks the can down the road. the republicans say no deal if spending cuts are not...
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nothing's happening in washington. there is no movement towards consensus on either side of the debate. people look at that and say what were we so optimistic about? i think the cliff will be more of an effect afterwards. but to go back to stewart's point, he's talking about 2% growth in spending. 2% consumer growth is probably going to produce a very weak gdp number. although we had a nice number on the boost, we'll have a horrible in the next quarter. which isn't great. that's really the point. 11% rise in fedex sales not going to lead in an 11%? consumer spending. at beast we're looking at 2%. that's not good. >> my 2% forecast is for next year. i think we'll do better this quarter. and you don't sell 15.5 million cars in the month of november if consumers can't get the credit. and they're not in somewhat of a spending mood and feel they have the income to justify it. >> well, it is subprime lending that is driving that. 45% of all new leases are subprime. that's not particularly good. they have cut the lease rates
nothing's happening in washington. there is no movement towards consensus on either side of the debate. people look at that and say what were we so optimistic about? i think the cliff will be more of an effect afterwards. but to go back to stewart's point, he's talking about 2% growth in spending. 2% consumer growth is probably going to produce a very weak gdp number. although we had a nice number on the boost, we'll have a horrible in the next quarter. which isn't great. that's really the...
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Dec 21, 2012
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will anybody rise above in washington? insight from washington post economic policy reporter and from capitol hill, politico's senior congressional reporter. welcome to "power lunch" guy webs good to see you. let me start with you. what happens at this point? can anything be done or are we going over the cliff? >> the chances offi going over e cliff is very, very serious at this point. what do they do? they are trying to figure that out themselves right now. do they bring up a bill right now and try to force speaker boehner's hand and have him accept any sort of tax increase, at least allow a vote and something that could pass in the house? mainly by democratic votes? that is unclear at this point. right now, harry reid is calling on the house to pass their enate bill and speaker boehner is relenting at there point. >> zachary, you cover economic policy. can you give me any clues of what is happening behind the scenes? are republicans saying, good gosh, if they would means test medicare and change retirement age, i would m
will anybody rise above in washington? insight from washington post economic policy reporter and from capitol hill, politico's senior congressional reporter. welcome to "power lunch" guy webs good to see you. let me start with you. what happens at this point? can anything be done or are we going over the cliff? >> the chances offi going over e cliff is very, very serious at this point. what do they do? they are trying to figure that out themselves right now. do they bring up a...
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Dec 28, 2012
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>> i think it's going to be all about washington, d.c. i don't think these reports are going to shape markets in any way. it will be interesting to see the housing market report given the strong run that we've seen for the year. it should instill a bit of confidence. the price likely the going to be subdued going into the end of the session. it's all about the fiscal cliff talks. the recent setback that we have. we may have some sort of agreement on sunday, but i don't think markets are holing their breaths. >> just a couple of corporate stories here. bankia shares are down. we're seeing porsche move up 6% the last time i moved. what else is driving markets here in europe today? >> lonmin was an issue. markets looking at that story right now. also, it's one of those stories where with the mining sector, given what's going on in south africa, it goes on to that. overall, it's busy on the corporate front and, again, it's just about the fiscal cliff talks and that's something that we would be looking after in the course of the day. >> we'll
>> i think it's going to be all about washington, d.c. i don't think these reports are going to shape markets in any way. it will be interesting to see the housing market report given the strong run that we've seen for the year. it should instill a bit of confidence. the price likely the going to be subdued going into the end of the session. it's all about the fiscal cliff talks. the recent setback that we have. we may have some sort of agreement on sunday, but i don't think markets are...
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Dec 27, 2012
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here, if you're just joining us once again, a breaking story out of washington. seemingly hopeful story. the house announcing it will reconvene sunday evening. bring everybody back at that time and presumably to consider some deal that may come out of the senate at that point. whether or not that happens, the market is not waiting to see the whites of their eyes. the dow was down 150 points at the low of the session and now we're down just 15 points. the dow was positive moments ago. >> really was, and the volatility index, aka the wall street fear gauge, was above 20 earlier on this morning for the first time in many months. it's now 19.22. obviously a little bit of fear coming out of market. let's get more of what's going on in the markets and what's going on in terms of traders feelings about the hope of sunday night. laura myers is from dme securities. what did you think and what did you do when you heard about the house reconveneing? >> you have to realize how event-driven this market really is. everyone is walking on eggshells about what's really going to h
here, if you're just joining us once again, a breaking story out of washington. seemingly hopeful story. the house announcing it will reconvene sunday evening. bring everybody back at that time and presumably to consider some deal that may come out of the senate at that point. whether or not that happens, the market is not waiting to see the whites of their eyes. the dow was down 150 points at the low of the session and now we're down just 15 points. the dow was positive moments ago. >>...
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Dec 1, 2012
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the one thing we're getting is a runaway spending in washington, d.c. that's the effect of this unlimited print mag sheen that the federal reserve has. >> let's put some gold into the equation. gold as legal tender. thanks very much to shawn fowler. now speaking of gold, thieves impersonating policemen boarded a boat in curacao and stole 70 gold bars worth an estimated $75 million. sounds like a thriller. authorities say there were six thieves wearing jackets with patches saying police who assaulted the captain and took off the gold in three cars. authorities say the shipment was legal but won't say who owned the gold or where it was headed. now, let's turn and do some stock market work. consumer spending fell in a new report out today. so did real disposable income. could have something to do with superstorm sandy. weak in yesterday's third quarter gdp report. profits, and these are the broadest gdp profits, covering about 5 million large and small companies really came in pretty good in the third quarter. up 9% from a year ago. so even though business
the one thing we're getting is a runaway spending in washington, d.c. that's the effect of this unlimited print mag sheen that the federal reserve has. >> let's put some gold into the equation. gold as legal tender. thanks very much to shawn fowler. now speaking of gold, thieves impersonating policemen boarded a boat in curacao and stole 70 gold bars worth an estimated $75 million. sounds like a thriller. authorities say there were six thieves wearing jackets with patches saying police...
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Dec 12, 2012
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you can see that investors want to rise above washington. but this morning rally, the averages got pulled down when harry reid said there probably won't be a deal in time for christmas. who's calling the tune? the nasdaq climbing 1.8%. apple rallied eleven and change. i hope this mini rally is happening because people have looked over the fiscal cliff and they weren't terrified by what they saw. i hope we will get by. i hope they don't mind government intervention in their portfolios. because they are not going away. i hope that because what i heard in washington today were two sides even though i can tell them that a deal would be done and there would be no vacation without legislation, we'd be in much better shape. i have to tell you, as encouraging as the market was this morning, the situation in washington is as discouraging. one after another i started with a new tack. i said let's go there. i said i totally agree the issue of spending not revenues. tell us what you have done to get spending done. did they give this fellow traveler some
you can see that investors want to rise above washington. but this morning rally, the averages got pulled down when harry reid said there probably won't be a deal in time for christmas. who's calling the tune? the nasdaq climbing 1.8%. apple rallied eleven and change. i hope this mini rally is happening because people have looked over the fiscal cliff and they weren't terrified by what they saw. i hope we will get by. i hope they don't mind government intervention in their portfolios. because...
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Dec 20, 2012
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chief washington correspondent john harwood joins us from washington with the details. i look away for two seconds, john, and everything's falling astart. >> it looked a couple of days ago as if the two sides were getting closer. when president obama had a news conference at the white house today, he came out to talk about gun control measures in the wake of the connecticut tragedy, but the questions were mostly focused on the fiscal cliff. the president said he couldn't understand why john boehner was detouring to plan b because the differences are narrow enough that they can still work it out. >> i've said i'm willing to make some cuts. what separates suss probably a few hundred billion dollars. the idea that we would put our economy at risk because you can't bridge that gap doesn't make a lot of sense. >> the smackdown from john boehner came shortly afterwards. it was short and sweet. he spoke for less than a minute and he said the onus is going to be on president obama if we go over the fiscal cliff. >> tomorrow the house will pass legislation to make permanent tax
chief washington correspondent john harwood joins us from washington with the details. i look away for two seconds, john, and everything's falling astart. >> it looked a couple of days ago as if the two sides were getting closer. when president obama had a news conference at the white house today, he came out to talk about gun control measures in the wake of the connecticut tragedy, but the questions were mostly focused on the fiscal cliff. the president said he couldn't understand why...
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Dec 11, 2012
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the guys in washington need a little bit of lesson. the tape is telling them if they get it right we'll go higher. every time they shoot off their mouth and disappoint market it's a clear signal they will do something wrong and the market will tell them very clearly it's going down. >> we have highlighted the two model portfolios our research team put together on the fiscal cliff. lately the one that says we won't go over t
the guys in washington need a little bit of lesson. the tape is telling them if they get it right we'll go higher. every time they shoot off their mouth and disappoint market it's a clear signal they will do something wrong and the market will tell them very clearly it's going down. >> we have highlighted the two model portfolios our research team put together on the fiscal cliff. lately the one that says we won't go over t
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Dec 14, 2012
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thank you so much, eamon javers in washington. neither side seems closer to signing on the dotted line so is congress living on borrowed time with the markets as it drags out the process in the next couple of weeks? christopher whalen is with me and says the market will throw a tantrum if we don't get a deal and another says the markets will trade sideways to slightly lower from now until year end. >> you think the markets have actually baked in no deal? >> i think there's likely to be a deal by late december, early january, last minute and the markets are poised to rally. i think they are kind of going sideways the next few days or so. i think they are probably going to rally in the year end, early january and then i'd be worried about a downtown because i think the first quarter will be surprisingly weak in the united states. >> the first quarter will be weak. we already know about the anticipation going into the first quarter. the reason i'm stuck on this question is you think that this is baked in because i think the market is
thank you so much, eamon javers in washington. neither side seems closer to signing on the dotted line so is congress living on borrowed time with the markets as it drags out the process in the next couple of weeks? christopher whalen is with me and says the market will throw a tantrum if we don't get a deal and another says the markets will trade sideways to slightly lower from now until year end. >> you think the markets have actually baked in no deal? >> i think there's likely to...
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Dec 28, 2012
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what's hard is getting washington agree to it. that sound that you hear is the sound of thousands of reporters trying to read the minds of five people, the four congressional leaders and the president of the united states who are going to be in that room at 3:00 this afternoon. a whole lot of mind reading going on. not a whole lot of fact to work with. what i am told is if you want to understand where the president's brain is as he goes into this meeting today, you've got to look back at his remarks just after 5:00 p.m. on friday last week in which he laid out his vision for sort of a shorter term emergency kind of a deal. with that in mind, let me lay out what barack obama could propose in this meeting today if he lays something out. it would start with extending the tax cuts for those under 250, maybe 400 as some have said and up to $500,000. unemployment extenders for those on unemployment who face that being turned off at the end of the year. a medicare doc fix as they call it and a turnoff of the sequester in exchange for som
what's hard is getting washington agree to it. that sound that you hear is the sound of thousands of reporters trying to read the minds of five people, the four congressional leaders and the president of the united states who are going to be in that room at 3:00 this afternoon. a whole lot of mind reading going on. not a whole lot of fact to work with. what i am told is if you want to understand where the president's brain is as he goes into this meeting today, you've got to look back at his...
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Dec 7, 2012
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our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> reporter: not surprisingly, democratic house leader nancy pelosi had precisely the opposite explanation for what is behind this stalemate. she says republicans simply echoing the white house are going to have to buckle on the issue of the top rates. >> the only obstacle standing in the way of middle income tax relief are the republicans unwillingness to ask the top 2% to pay their fair share. >> but tyler, as yo
our chief washington correspondent john harwood is here with the latest. >> reporter: we ended the week with a fairly perfect, simple, clear, elegant expression of the partisan differences in this fight. speaker boehner came out and gave a press conference where he essentially said president obama has done nothing to compromise with republicans. here's the speaker. >> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since...
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Dec 4, 2012
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i don't think washington's quite as tough as what i am. >> glad i'm not growing up in your house, jimmy. >> wow. >> i give in to anything. and everything. just putting it out there >> wow. >> jim, michael, thank you very much for joining us. the meantime, we are calling this extreme hoarding, dividend edition, because more companies are paying billions and billions in special dividends. robert frank, by the way, who is getting the biggest payouts here? >> mostly ceos and company founders. more than 110 companies anumbers onned special dividends in the fourth quarter, three times last year's fourth quarter, all aimed at beating that potential tax increase on dividends. that tax now 15%, scheduled to go up to 43.4% on january 1st. now you companies have doled out more than $22 billion in special dividends this quarter. that's savings up to $6 billion in taxes. three of the biggest paydays will go to sheldon adeleson, tom frist and larry ellison. together, they will get $1.75 billion checks before christmas. and their tax savings there could be more than $490 million. so, what will they do
i don't think washington's quite as tough as what i am. >> glad i'm not growing up in your house, jimmy. >> wow. >> i give in to anything. and everything. just putting it out there >> wow. >> jim, michael, thank you very much for joining us. the meantime, we are calling this extreme hoarding, dividend edition, because more companies are paying billions and billions in special dividends. robert frank, by the way, who is getting the biggest payouts here? >>...
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Dec 17, 2012
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. >> there is a little bit of an upward drift today and directly traceable to what is going on in washington and people getting their portfolios squared away for the end of the year. >> that will do it for this hour of "power lunch." thank you so much for joining us. >> have a great afternoon, everyone. tyler and i will see you tomorrow. "street signs" begins right now. >>> the market is taking a back seat to the event of newtown but business questions we main loud and long. we ask if more can be done with guns and treatment to prevent this from ever happening again. are we any closer to a deal? why john boehner's plan may go nowhere. plus the first of our fierce competitor specials pitting two big retailers against each other in a battle for your holiday dollars. and 109 years ago today, wilbur and orville wright took flight and we see how big their dream has become. >> trading higher at the last full day -- excuse me, trading week of the year. grinding quietly higher and fairly light trade. here are your interesting fact. seven up days, five down days for both the dow and s&p, the last 12
. >> there is a little bit of an upward drift today and directly traceable to what is going on in washington and people getting their portfolios squared away for the end of the year. >> that will do it for this hour of "power lunch." thank you so much for joining us. >> have a great afternoon, everyone. tyler and i will see you tomorrow. "street signs" begins right now. >>> the market is taking a back seat to the event of newtown but business...